Social Photo Startup Chute Raises $7 Million

Photo collection startup Chute raised a $7 million round of venture funding, the company announced Tuesday. The round was led by Foundry Group; existing investors Freestyle Capital and U.S. Venture Partners also participated. Chute lets companies grab photos from social networks and incorporate the visuals into their websites and apps. Sounds sorta similar to what Instagram could do someday soon, no?

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